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On 4/23/2003 5:23:21 PM FWAAA wrote:
Ok, so pony up double concessions if you''re so outraged.
The "loss" is not the real problem right now. The loss includes lots of non-cash expenses (like depreciation/amortization). Let''s focus on the real pressing issue, Negative Cash Flow.
Negative cash flow is today''s real crisis, and a rough calculation of negative cash flow for Q1 was about $550 million. Since the first quarter is usually the worst, the cash burn in the next three quarters might not be so bad, so that it would equal (without the concessions) about $1.8 billion for the whole year.
I can see you being mad if the loss were only 1/2 that which was claimed, but why you''re so mad thinking it was twice that which was claimed is truly unbelievable.
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Like I said....Enron math. Why then didn''t Carty tell us we were losing 10 mil. a day, perhaps I would have voted Yes........NOTOn 4/23/2003 5:23:21 PM FWAAA wrote:
Ok, so pony up double concessions if you''re so outraged.
The "loss" is not the real problem right now. The loss includes lots of non-cash expenses (like depreciation/amortization). Let''s focus on the real pressing issue, Negative Cash Flow.
Negative cash flow is today''s real crisis, and a rough calculation of negative cash flow for Q1 was about $550 million. Since the first quarter is usually the worst, the cash burn in the next three quarters might not be so bad, so that it would equal (without the concessions) about $1.8 billion for the whole year.
I can see you being mad if the loss were only 1/2 that which was claimed, but why you''re so mad thinking it was twice that which was claimed is truly unbelievable.
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